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Germany faces economic challenges, particularly in energy costs, as it seeks to revive its auto industry. This demands adaptable strategies and a readiness for innovation. The focus on Chinese automakers at the show underscores the increasing competition in the global electric vehicle market. ....
With revenues from land sales falling by more than 20 per cent last year amid mounting debt, local governments in China are being forced to scale back public services, with the job security once offered by public sector or state-owned firms under pressure. ....
German Automaker EV: "We need to seek cooperations in a humble position even if we have grown into giants," Jia Jianxu, general manager of the joint venture between Chinese state-owned SAIC and Volkswagen, said at an event hosted by Chinese magazine China Auto Review in Munich on Tuesday. ....